Back to Glossary
Convertible ARM
January 19, 2023
A convertible ARM is an adjustable-rate mortgage (ARM) that allows the borrower to convert to a fixed-rate mortgage after a set time period. Convertible ARMs are typically offered as a method to capitalize on dropping interest rates and have specified criteria.
Related Topics
10 Best Home Builders in Nashville, TN: Find Your Dream Home Today
Wesley Mortgage 2023 Year-In-Review
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?